Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.
The company has one manufacturing facility located in, Punjab, along with 2 warehouses and 1 shop cun godown to manage its supply chain operations. As of the date of the DRHP, the company has installed 18,000 spindles for manufacturing cotton yarn, 441 mt p.a. for knitted fabric, and 6,750 mt p.a. for seed oil/oilcake. The company has made significant investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Majority of the company’s customers are from Punjab and Haryana.
Competitive Strengths
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat orders from satisfied customers
- Location Advantage
Company Promoters
Deepak Garg and Pooja Garg are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | ||
|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 718.42 | 636.96 | 527.61 |
| Total Revenue | 305.34 | 1,155.67 | 942.81 |
| Profit After Tax | 33.22 | 38.78 | 7.57 |
Objects Of The Issue
- Funding the working capital requirements of the company; and
- General corporate purposes
AB Cotspin IPO Details
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 3, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 to ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
| Fresh Issue | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
AB Cotspin IPO Tentative Timetable
The AB Cotspin IPO open date is Dec 30, 2021, and the close date is Jan 3, 2022. The issue may list on Jan 11, 2022.
| IPO Open Date | Dec 30, 2021 |
| IPO Close Date | Jan 3, 2022 |
| Basis of Allotment Date | Jan 6, 2022 |
| Initiation of Refunds | Jan 7, 2022 |
| Credit of Shares to Demat Account | Jan 10, 2022 |
| IPO Listing Date | Jan 11, 2022 |
AB Cotspin IPO Lot Size
The AB Cotspin IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
AB Cotspin IPO Promoter Holding
| Pre Issue Share Holding | 48.50% |
| Post Issue Share Holding | 34.91% |
AB Cotspin IPO Prospectus
Company Contact Information
| AB Cotspin India Limited 176, Homeland Enclave, Bathinda, Punjab – 151001 Phone: +91 01642970169 Email: investors@abcotspin.in Website: http://www.abcotspin.com/ |
AB Cotspin IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: abcotspin.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
AB Cotspin IPO FAQs
| When AB Cotspin IPO will open? The AB Cotspin IPO dates are 30 Dec 2021 To 03 Jan 2022. |
| What is the lot size of AB Cotspin IPO? AB Cotspin IPO lot size and the minimum order quantity is 4000 Shares. |
| How to apply for AB Cotspin IPO? You can apply in AB Cotspin IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is AB Cotspin IPO listing date? The AB Cotspin IPO listing date is not announced. The date of AB Cotspin IPO listing is [11 Jan 2022]. |
